Thread: Bitcoin (BTC) Daily Price Forecast – February 28

BTC/USD Medium-term Trend: Ranging

• Resistance Levels: $6,800, $6,900, $7,000
• Support levels: $3,800, $3,700, $3, 600

Yesterday, February 27, the price of Bitcoin was in a sideways trend. Price of Bitcoin is ranging above the $3,900 price level. The crypto’s price was trading below the 12-day EMA and the 26-day EMA. Yesterday, the bulls attempted to break the 12-day EMA but were repelled. Today, the bulls are trying to break above the EMAs.

If the bulls fail to break the EMAs, the crypto will continue its range bound movement. On the downside, if the bears break the $3,900 price level, the crypto will resume its downward trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price likely to fall.


BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the bullish trend zone. The BTC price was ranging below and above the 12-day EMA and the 26-day EMA. Yesterday, the bears broke the below the EMAs and the bulls pulled back above the EMAs.

The crypto’s price is trading at $3,909.60 above the EMAs as at the time of writing. Today, the crypto’s price is above the EMAs indicating that price is in the bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source: https://bitcoinexchangeguide.com

I cannot see clearly in which direction price of BTC will move in the near future. I am just hoping that, after last year’s rally, BTC gained some stability at levels of $3.500 and that in the future period we can see some steady growth.

The need to exchange currencies is the primary reason why the forex market is the largest and most liquid financial market in the world. Trading with BPRIMES is quite amazing. I found the leverage as one of the biggest advantages for trading with my broker and attractive bonus scheme. Currencies are important to most people around the world, whether they realize it or not because currencies need to be exchanged in order to conduct foreign trade and business.

We can overcome fear, stress, greed, and hesitation if we do some psychology courses. I am doing forex trading with FXLinked. I treat my trades so practically. That is why I am earning good amount of money from my trades. We should be very practical and theoretical to do forex business. It is true that we can’t remove our emotions but yes, we can control them if we train ourselves.